School me on investing...

Huge yes....help- not so much

 

Rough day... I doubled down on OGI and IVR prematurely... Still in the black since I started overall, and it gives me something to do.

 

Bailed out of SDC at $10.04, sure wish I had bought a lot more at $4.18

Now what?

 

Wonderful day. Bought PJ's at $35 six months ago and sold at $82 yesterday. Going to parlay that into a hunch on Draft Kings.

 

Wait for the next big crash and do it again. Those unicorns are extremely volatile. SDC is one negative headline away from dropping 50% again.

 

i cut my losses with acb finally. lost a shit ton

 

yowza... that one looks like a real dog. How the fuck can these guys lose selling weed??? Smoking up all the product or is the Canadian govt making it impossible to make money? I bought some APHA about the same time as the OGI and it was doing pretty good, like +25%... now at +6%. OGI is at -22% (so is IVR but that's understandable)

 

I took a bath on ACB also. Fortunately, I didn't have much invested. I haven't sold yet. I might keep it. Can it possibly get worth less?

 

whats the point of holding unless you know something?

 

On the other hand why sell it and take another 5-10% loss when there maybe a chance it gets some back?

If you rode that bitch all the way down, at this point you might as well pray for an uptick or ride it into 0.00

 

Reinvested my SDC profits in boring stuff- BUD and MA

 

My portfolio is higher than it was before this mess. I didn't change a position.

 

Because I lost about 90%. Why not wait and see if it comes back a little?

 

That. Or until it's most useful for tax purposes, unless you really need that 10% you still have right away.

 

praying dont work in the stock market

 

That would make a helluva pithy quip for a sig line. Brief & concise. Well said!

 

Yo Kenny, did you cash out of your big bet or are you letting it ride?

I'm convinced that we are at the height of irrationality right now. I'm holding mostly cash. It might take months but something is coming.

 

Doubt it... plus, irrationality can go either way...

 

So... when you double down on a POS stock, then it keeps reaching new bottoms and you do it again... is it called "tripling down" or "quadrupling down"???

Either way, I now am the proud owner of 270 shares of OGI

 

Can you think of a time when the stock market was more detached from the real economy than now? This looks crazier than the.com bubble.